Ukraine’s Agroton seeks to buy back 12˝% notes due 2019 at 30% of par

By Susanna Moon

Chicago, Oct. 26 – Agroton Public Ltd. began a tender offer for its $50 million 12˝% loan participation notes due 2019 with interest rate step-down to 6% in 2013.

The purchase price will be 30% of par, or $60,000 for each $200,000 principal amount, according to a company notice.

Holders also will receive accrued interest from July 14 to but excluding the settlement date.

The tender offer will remain open until 11 a.m. ET on Nov. 2.

The tender agent and tabulation agent is Bank of New York Mellon, London Branch (+44 1202 689644, fax +44 20 7964 2536 or debtrestructuring@bnymellon.com).

Agroton said on July 27 that it was looking to buy back more of the 12˝% notes due 2019 with interest rate step-down to 6% in 2013.

Holders were being asked “to identify themselves in order to facilitate a discussion of the options,” according to a previous company notice.

Agroton is a Luhansk, Ukraine, agricultural production and distribution business.

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